The Illusion of Control
Why Financial Crises Happen, and What We Can (and Can't) Do About It
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The Illusion of Control
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Narrated by:
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Bruce Mann
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By:
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Jon Danielsson
About this listen
A challenge to the conventional wisdom surrounding financial risk, providing insight into why easy solutions to control the financial system are doomed to fail
Finance plays a key role in the prosperity of the modern world—but it also brings grave dangers. We seek to manage those threats with a vast array of sophisticated mathematical tools and techniques of financial risk management. Too often, though, we fail to address the greatest risk—the peril posed by our own behavior.
Jon Danielsson argues that critical risk is generated from within, through the interactions of individuals and perpetuated by their beliefs, objectives, abilities, and prejudices. He asserts that the widespread belief that risk originates outside the financial system frustrates our ability to measure and manage it, and the likely consequences of new regulations will help alleviate small-scale risks but, perversely, encourage excessive risk taking. Danielsson uses lessons from past and recent crises to show that diversity is the best way to safeguard our financial system.
©2022 Jón Daníelsson (P)2022 TantorListeners also enjoyed...
What listeners say about The Illusion of Control
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Overall5 out of 5 stars
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Performance5 out of 5 stars
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Story5 out of 5 stars
- Paul E.
- 19-07-22
Fun, informative and scary
I liked it. The topic is outside my comfort zone, and I was worried it would all over my head, but no. I learned a lot, and it was fun. And scary.
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Overall2 out of 5 stars
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Performance1 out of 5 stars
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Story3 out of 5 stars
- Immortals
- 28-10-23
Ruined by the narrator
Ever wondered what it would be like if a robot read stories to you? This is how this audiobook was. A very thought provoking book completely ruined by the awful robotic monotone voice of the narrator.
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